Income Share Agreement (ISA) Program
Funding Amount
Up to $10,000
Deadline
Rolling (quarterly review)
Grant Type
Foundation
Deadline history & next window
- Cycle
- Rolling — applications accepted year-round
- Tracked since
- April 2026
From the program guidelines: “Awards made on a rolling basis until funds are exhausted”
Can we apply?
Check your organization against each line. Taken from the listing; confirm with the funder's guidelines.
Eligible organizations
- Seniors in their fourth or fifth year of school
Other requirements
- Must be active members of Triangle Fraternity
Overview
Through the generosity of a donor, the Triangle Education Foundation offers this alternative to traditional student loans as an income sharing agreement program.
Eligibility:
- Open to Seniors in their fourth or fifth year of school
- Must be active members of Triangle Fraternity
Award Details:
- ISAs can be established in amounts up to $10,000
- Currently $200,000 is available for this program
- Awards made on a rolling basis until funds are exhausted
Status:
- Applications are open until funds have been exhausted
- Currently setting up ISAs for the 22-23 school year
- Chapters will be notified when the application is live
Contact Information:
- Triangle Education Foundation
- 120 S. Center Street
- Plainfield, IN 46168
- Mail: tef@triangle.org
- Tel: 317-837-9641
Additional Resources:
- Information available about Income Sharing Agreements and benefits
- Financial fitness quiz available
- Sample student ISA experience available
What Triangle Education Foundation actually gave
Source: IRS Form 990, 2025
- Grants in 2025
- 9
- Total given
- $965K
- Median grant
- $43K
- Range
- $5,223–$560K
- By dollars: Illinois 58%, Indiana 22%, Iowa 9%. Top recipient cities: Champaign, IL; Plainfield, IN; Ames, IA.
- 0% of grants with a stated purpose were for general or operating support.
Example grants
Illinois House LLC · Champaign, IL
Purchase, updating and furnishing of educational space in chapter facility
$560K
Triangle Fraternity · Plainfield, IN
Educational programming
$187K
Iowa State University Chapter of Triangle Inc · Ames, IA
Purchase, updating and furnishing of educational space in chapter facility
$91K
Marquette University · Milwaukee, WI
Purchase, updating and furnishing of educational space in chapter facility
$47K
Wisconsin Triangle Building CO · Madison, WI
Purchase, updating and furnishing of educational space in chapter facility
$43K
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